Example 1. You spend $200 for a business-related meal. If $110 of that amount is not allowable because it is lavish and extravagant, the remaining $90 is subject to the 50% limit. Your deduction cannot be more than $45 (50% Ã $90).
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Makonnen Sheran (born April 12, 1989), known professionally as iLoveMakonnen, is an American actor and hip hop recording artist from Atlanta, Georgia who currently lives in New York City. His rise to fame began in 2014, after Canadian rapper Drake released a remix to his song Tuesday.